Prestigious Lake Naomi in The Pocono Pines area of the Poconos showed it could not escape the declining property values either this past year. Here are the numbers:
2008 - 56 Properties Sold. 9 Were Lakefront. Avg list price for non lakefront home was $283,964. Avg SOLD price for non lakefront home was $260,078, a 92% List to Sell Ratio.
2009 - 48 Properties were Sold. 6 Were Lakefront. Avg List price for non lakefront home was $261,497. Avg SOLD price for non lakefront home was $238,500, a 91% List to Sell Ratio.
With most of the experts feeling like the Pocono Market has leveled and will continue to level for some time this may be The Perfect Time to Buy a Home here in The Poconos.
A. - The Property Values have hit bottom since the decline started in 2007. Sellers are now AWARE that property values in 2007 are not the same anymore and are therefore more reasonable with their asking prices.
B. - Interest Rates are still VERY Attractive for Qualified Buyers
Combine the two and it is a Perfect Storm for a Real Estate Transaction! Call The Professionals at Pocono Mountain Lakes Realty to Represent Your Best Interests in Making that Pocono Dream Come True!
Wanna Search the MLS for a Home in Beautiful Lake Naomi? Check Them All Out By Clicking Here!
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